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CNN
Jun 22, 2013 6:30am PDT
to prevent one today. put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on the brake but was ease off accelerator. the fed has been buying $85 billion a month in bonds. that money rushes into the economy, fueling a huge rally in stocks, huge rally until this week. it keeps interest rates low on your home and car loans. but investors are nervous that tapering, taking the foot off the gas, will end the big gains. just the fear of ben bernanke easing up on the gas pedal sent the dow down 500 points wednesday and thursday. regardless if you own any stocks, your money is on the line. terry sav itch, author of the savage truth on money, chief investment strategist, welcome to the program. you say all of the worrying about when stocks will pull back is a good thing. explain. >> well, i'm not saying that it's a good thing for your psyche to be worried a
PBS
Jun 20, 2013 6:00pm PDT
." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> suarez: the prospects for passage of immigration reform, by a big margin, appeared to brighten considerably today. supporters talked hopefully that they'd met demands for greatly expanded policing of the border with mexico. >> madame speaker, i rise to speak. >> suarez: two republicans went to the senate floor this afternoon to announce a potentially critical compromise on a key sticking point for many in the g.o.p. >> americans want immigration reform, of that there is no doubt. they want us to get it right and that means first and foremost securing the border. >> some people
FOX Business
Jun 21, 2013 11:00am EDT
that is something that is likely. you would have to see something happening much bigger in the overall economy. i do not think it is likely. >> during the recession, new home construction dropped by roughly half. now, thanks to supply and demand, we are starting to see what could be a very robust housing market. a great deal will depend on the broader economy. connell: david, thank you. david lee miller four us in the newsroom. great story. dagen: new regulations could create a labor shortage in that industry. connell: added to my long-standing theory. nevermind. twitter founder jack dorsey teaching small business leaders how to harness attention in social media. he sat down with our friend, peter barnes. talking about rates all day long. dagen: hello. connell: hey, how's it going? dagen: that is a big move. connell: exactly.% a big move from where we were. we will be right back with more "barkett now." ♪ i want to be prepared for the long haul. ishares minimum volatility etfs. foa smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackr
FOX News
Jun 21, 2013 3:00pm PDT
the obama economy? this is "special report." good evening, i am chris wallace in for bret baier. investors and traders on wall street are breathing a sigh of relief, thanks to a break from two rough selloff days in the financial markets. chief white house correspondent ed henry reports there's one man that remains on the hot seat, federal reserve chairman ben bernanke. >> reporter: after two days of market melt downs and high anxiety about 401(k)s plunging again, the last thing president obama or his aides wanted to do today was try to decipher the words of the fed chairman, ben bernanke. >> how is the white house sorting out what he said? >> here is what i have to say about the markets and the fed chairman and fed policy. >> reporter: nothing to say. probably smart because the market settled today, with modest gains for the dow and s&p 500 and a small drop for nasdaq, after a two day global selloff for stocks, bonds, and commodities, sparked by a massive credit crunch in china, refusal by communist leaders to intervene by pumping cash into the system, coupled with bernanke's comment that
MSNBC
Jun 20, 2013 2:30am PDT
sweet. >>> federal reserve chairman ben bernanke has a little more positive view of the u.s. economy. but that sent markets tumbling. cnbc's andrew ross sorkin, my friend. >> hey, my man. how are you? >> i'm doing well. >> great to see you. >> congratulations, by the way. i'm probably two or three weeks late here, but it's -- it's been probably more than that but marv tlous watch you every morning. >> i know you miss me. we need to know why the stock market tumbles so strongly when mr. bernanke says we might stop something in the future but nothing is happening right now. >> because we've indicated for the first real time that we are taking the drugs away from the patient. that's what's happened here. this is all about whether we can handle it. it's sort of -- it's kind of like antibiotics. you are supposed to take them to a certain point and then stop taking them before they finally kick in and start to work. it's hard to gauge when you are supposed to stop with the medicine. and that's really the question right now. the market clearly feels that the economy isn't out of the woods y
CSPAN
Jun 20, 2013 1:00am EDT
debate in congress and the economy. jammer -- tim murphy talking about how obamacare is behind schedule. >> in a lot of ways, this is a challenge. we have a liberal democratic presidents who is not only been elected but reelected. yes projects i think are very wrongheaded. time.a challenging it is also an exciting time. trying to modernize conservatism to bring it in- line with the challenges that the country faces now. we want to help conservatives in the country think about how to confront the challenges of the 21st century. neither side is doing a good job of that. there's a lot of thinking about what the 21st century requires, in terms of change, to get back to economic growth and prosperity. to get back to a cultural revival that we need. is challenging challenging and exciting. >> more with national affairs editor on sunday. [captioning performed bynational captioning institute][captions copyright nationalcable satellite corp. 2013]>> at his poorly briefing, ben bernanke said that the fed might ease up on its federal stimulus plan this year. he also discussed financial regulations
MSNBC
Jun 21, 2013 3:00am PDT
-- pumping billions and billions of dollars into the economy. is it possible that we have gone from a tech bubble to a housing bubble to a fed bubble? >> it's absolutely a risk. the real question is is this easing? all this billions and billions of dollars, trillions of dollars really of dollars the federal reserve has printed and pumped into the economy. have they created a real enduring economic expansion? can housing exist? can housing keep recovering even without ultra-cheap money? can the housing market keep rising without ultra-cheap money? can housing growth continue? that's the bet that ben bernanke has been making the past couple of years. the question is is the debt going to pay off, or will we be right back in this mess we were five years ago? >> isn't the case when former chairman allen greenspan greens retired, he was pummeled because of the housing bubble. isn't it the case, since greenspan left, we've become more liberal with our monetary supply as far as pumping more money into the monetary supply. money has been basically free for investors and businesses for the past seve
CSPAN
Jun 22, 2013 7:00am EDT
university, about the state of the u.s. economy. later in the program we will be joined by a matthew segal. he will be here to talk about issues important to young americans. you are watching "washington journal." we will be right back. ♪ >> when you talk about transparency to the american public, there is -- you are going to give up something. you are going to be giving signals to our adversaries as to what our capabilities are. the more specific you get about the program, the more specific about the oversight, the more specific you get about the capabilities and successes, to that extent you have people sitting around saying, "ok, now i understand what it can be done with our numbers in yemen and in the united states and consequently i am going to find another way to communicate." there is a price to be paid for that transparency. where that line is drawn, in terms of identifying what our capabilities are, is out of our hands. if you tell us to do it one way we will do it that way. there is a price to be paid for transparency. >> robert muller makes his last scheduled appearance before
MSNBC
Jun 19, 2013 3:00am PDT
economies in terms of -- because they need europe to be able to take their stuff. watch for china -- i don't know who's really running that country, but i can tell you this, their deceleration in economics is just incredible. it's not bringing us down. >> china may go down below 7%, 6% growth this err year. we are right now the tallest building in elmira, new york. >> it's the shung kamao bank. >> how do you know about elmira, new york? >> i come to play. >> you do come to play. we may be the tallest building in elmira, new york, but people keep buying the dollar. what are you going to do? go to europe? go to china? they're all train wrecks wait to go happen. >> you can't feed china. that's a big issue. 700,000 recespiratory deaths la year. let's go to john meacham. speaking of smoking, he smokes way too much. john, you look at europe, the g-8, they were all lecturing president obama three years ago. sarkozy, where is he now? who knows? he's probably staying at your place in the south of france. >> oh, no, unh-unh. >> but united states is in this strange position of just sort of crawling a
FOX News
Jun 21, 2013 1:00pm PDT
-- the problem is the timing of all this. are you telling me the economy is so good now they can stop this program, this $86 billion a month in just a few months if the economy improves? payroll not getting better. trading fulltime jobs for parttime jobs, so seeing individual savings rates plummet. and at the same time our manufacturing base is not doing so. we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the regular purchases or dollar cost averaging? >> they should absolutely. but a lot of the folks who watch our show don't like what they've seen in the market. they tone like the way we got to the rally. the think it's all about ben bernanke and the
CNBC
Jun 18, 2013 6:00am EDT
the eurozone economy, arguing that recent signs of market stabilization mean that the ecb's interest rates are becoming a more effective tool again. we'll see about that. >>> also, g-8 leaders are wrapping up a summit in northern ireland today. british prime minister david cameron has, of course, been the host. he says the goal of the group is to "fired up our economies and drive growth and prosperity around the world." we're going to have more, of course, from cnbc's steve sedgwick, who's on the ground there in that beautiful live shot in about 20 minutes. >>> meantime, time for "the global markets report." we'll go across the pond not to ireland, but to london, where ross westgate is standing by this morning amid a sea of green. a little bit of red around. how are you doing, ross? >> yeah, hey, andrew, pretty good. we're actually at the best levels of the session today here for european equities. advances out-pacing decliners by around about, what, 6-2, 7-2 on the dow jones stocks 600. it's been a mixed morning, but the ftse 100 now up 0.8%, despite the that is correct if inflation numbe
SFGTV2
Jun 17, 2013 5:30am PDT
, and the economy. without it, things simply can't exist. woman: we have good health in this country, in part, because we have clean water. and we shouldn't forget that, and we shouldn't take it for granted. melosi: in the late 19th century, serious waterborne disease epidemics were having devastating effects. roy: but then, in the early 1900s, we began to treat our water. and since then, we've seen a rapid decline in the incidence of waterborne disease. narrator: most cities treat drinking water through filtration, chlorination, and sometimes ozonation to kill pathogens in the source supply. these are complex treatment plants that cost millions of dollars to operate, but are necessary for our wellbeing. the treatment of drinking water has been called one of the greatest public health achievements of the last century. the water infrastructure itself protects the treated water until it comes out of our taps. it's been since 1911, since we had an outbreak of cholera or typhoid in the united states. but that doesn't mean that it can't happen. it can happen. if we aren't on our guard all the time
MSNBC
Jun 21, 2013 10:00am PDT
" on sunday. >> >> we want to do our own congressional summit on immigration, the economy, spying. we've got terrific four some to talk about this, as well as to really examine the president's standing right now politically with some of these issues. and we'll do that with our round table. >> thank you very much. we'll be watching. >> okay. >> and senate approval of a broad overhaul of the nation's immigration system could get a boost to spend billions on border patrol. but while it is raising hopes for republican support, there is strong opposition to it. >> if it were actually needed and work, i would help deal with that. but i don't -- i have my doubts that this is the best way to spend our money. i think this was a political response to a failing piece of legislation, a dramatic, desperate attempt to pass a dramatic piece of amendment so they can say it does everything you want and more. so we'll see. hopefully it does improve the border. but again, the border is just one part of the overall failure of our immigration system. >>> and joining me now is nbc news capitol hill correspondent,
CSPAN
Jun 17, 2013 8:30am EDT
a facebook page now. so, you know, the world has really changed, and our energy economy has similarly changed. if you go back again to that time ten years ago, oil production, of course, continued to fall in the united states, imports increasing dramatically. top business leaders and thinkers from lee raymond to alan greenspan be projected an enormous natural gas shortfall and, in fact, there were lots of investments for lng imports. today we talk about blend w5u8 problems. pv, distributed pv, $10 a watt. today we're talking about incredibly reduced costs. wind power up by a factor of 15 in that time period. so there really has been tremendous change, in fact, even in the four years since president obama took office we've seen this. most especially, of course, we all know how unconventional gas and oil have been a game changer in this, in this country. we often think of the energy industry, the energy system as one of incredible inertia and very hard and resistant to change. and there are some, there is some truth in that, and there are some good reasons. capital intensity, all kinds of issue
CNN
Jun 20, 2013 6:00am PDT
.s. economy, but there would be a road map for when they would stop doing that. the u.s. economy was strong enough to get on its own two feet and unemployment rate got back 7%. take their foot off the accelerator is the way the fed chief put it. overnight, world markets started to react saying all the markets that had benefitted from the big flood of fed money into the world economy and all markets having a pull back to what would be the reality when the fed is not in the game. you see the dow down about 69 points right now and down 72. we'll continue to watch. we have seen triple-digit declines the last six or seven days in a row, carol. >> then it goes right back up. such a weird thing. >> very volatile and i'll let you know how this is playing out and whether they can absorb it all right today. >> thank you, christine. >>> other stories we're covering this morning. senate negotiators are expected to announce a deal today on an immigration reform bill that would increase border security as cnn first reported yesterday. the plan would double the number of patrol officers from the current l
FOX Business
Jun 19, 2013 9:20am EDT
indicator. how good is the economy generally? fedex earnings tell you. they're telling us that business is pretty good. so, nicole, what's happened to fedex stock in the early going? >> what we're seeing is the stock is up 1.7%, and international package volume is lower, and they face intense competition, they said that the folks were switching from the more expensive price here, premium package sending to lower cost options and the stock is up 1 1/2%. so, i don't know, enlighten me. and what is the good news here? it didn't seem like good news to me, or at least not yet. >> i'll give you good news from an investor point of view. >> what more do you want, young lady? okay. i checked the dow, as we suggested, flat to slightly lower, and 15 seconds of business. two other stocks that we're watching, tesla, they recalled 800 of their model s electric cars, there's a problem with the mounting bracket in the back seat. it's dead flat this morning and then dreamworks animation, they put the shrek franchise and more on netflix and make an animated series for netflix and their television busines
CBS
Jun 17, 2013 7:00pm EDT
the economy. today rouhani signaled a new more open approach. "we are ready to show more transparency to the world" he said. rouhani is 64 years old, a cleric with a law degree from scotland. he's also known as a bridge builder who was once iran's chief nuclear negotiator. in 2003, he put that program on pause to pave the way for talks with the west. sir richard dalton, back then britain's ambassador to iran, said rouhani could steer the way to talks again. >> provided by the united states and its negotiating partners come forward a little way to meet iran it should be possible to get a first stage confidence building agreement on the nuclear question. >> reporter: asked specifically today about iran's relations with the united states, rouhani said "there's an old wound between the two countries that needs to be healed." jubilant iranians spilled into the streets to celebrate rouhani's win. although they won't know for some time just how much of a reformer he turns out to be. >> pelley: elizabeth palmer is joining us from our london bureau. elizabeth, if this is reform, why is it happ
CSPAN
Jun 20, 2013 7:00am EDT
we've got to get the economy jumpstarted and back on track in a manner that is sustainable for the programs that we all care about. one of of the ways to clearly do that at the -- at the cbo has indicated, and this is a nonpartisan operation, is to pass copperheads if immigration reform that provides an additional piece of evidence as to why this is so significant for us to get done and to get done sooner rather than later. ,ost: congressman jeffreys what is another issue, before we go to calls, that you focus on or that you think the congress should be addressing? i think we have to do with the gun violence problem we have in america. it is, katie, i understand that, but certainly as americans focus on the problem, and the aftermath of the tragedy in newtown, connecticut, the issue that we confront in the district, i represent a very urban district that has several neighborhoods in east new york,: the island, brownsville, that in the last several decades have gunrienced issues in violence. almostevery reagan, -- every weekend, there is an issue that has resulted from an il
FOX News
Jun 21, 2013 6:00am PDT
are a bit higher as a sign the overall economy is strong and these are good things. i would think that would be good for the market and investors. >> reporter: ben bernanke is talking about a growth rate of 2.5%. and he's not talking about a flood of new jobs coming into the economy tither. he's got to quit the printing money at some point. he's hinting he will do it soon but he's not leaving a strong underlying economy underneath it. that's why to some degree you have got the selloff in the stock market. martha: an all female jury will decide if george zirmman committed murder when he shot and killed teenager trayvon martin. today we expect we'll hear whether a potentially critical piece of evidence will be admissible during this trial. phil keating is live in miami. this hearing focuses on that 911 call we heard so much. in that call we hear the gunshot, right? >> right. this is potentially decisive expert testimony money that can persuade this jury to go guilty or not guilty. whether it's george zimmerman's voice or trayvon martin's voice screaming in the audio tape. even saying quote, i'
FOX Business
Jun 21, 2013 1:00pm EDT
within the economy. you point out that highs in his -- house is a primary beneficiary. the fed is as responsible for managing as they are for anything else. to the extent that they're looking to manage the bubble that has formed, whether it be equities, the form of stocks, housing, absolutely. this is part and parcel with the context for the fed is basically saying at some point we're going to have to pull the punch bowl away from the party. it looks like sooner than later, and this speaks to that. ashley: from an investor's point of view given the volatility in stopping this, you expected will continue through the summer, what can you do as an investor to play in this environment? >> in this type of environment you want to manage risk. that is the first quarter of the day. you want exposure. and if you have the decisions that you feel compelled and meet your objectives, you can hold on to them and hopefully there are dividend payers and certainly they have a very consistent track record in terms of equity performance and driving revenue top and bottom line growth. expose yours
CNN
Jun 21, 2013 3:00am PDT
of money they're pumping into the economy each month. >> we will ease the pressure on the accelerator by gradually reducing the pace of purchases. >> reporter: the second, overnight thursday, bad news from china. manufacturing production fell for the first time in eight months. a sign that one of the world's most powerful economies isn't growing as fast as it had been. the pros on wall street say this was bound to happen after months of gains and record highs. and in fact, the fed pulling back might be a good sign that the economy's getting better. >> there is no fear. there is no panic that's going on. but i think we do know that it's going to be a nice slow, orderly process to see if our economy can stand on its own again. >> reporter: that doesn't make yesterday any prettier, and stocks were only part of it. a metal meltdown. 2 1/2-year lows for gold and silver. gold, the shelter from the storm in the recession, is dropping like a rock, losing a quarter of its value to far this year. don't be too afraid to peek at your 401(k). even after yesterday's dramatic drop, the dow was up mo
FOX News
Jun 16, 2013 12:00am PDT
is making out, you know, like a bandit and what i found is we basically had been living in two economies in this country for the last ten years. there's the economy where you and i know where people are hard pressed jobs are tight and money is tight and then there's the healthcare economy where everybody is doing really well except maybe the nurses and the doctors but the people that sell the equipment, the people that make the drugs, the people that run the allegedly nonprofit hospitals are all making ridiculous amounts of money. >> so you mean the doctors who spend 12, sometimes 15 years just preparing to be a doctor are making less money. >> far less unless they got in the system so they started a clinic where they can send patients or they're consulting for a drug company, they're not making the big bucks. the guys who make the cat scan equipment or the pharmaceutical sales men and executive, the hospital administrators, your local nonprofit hospital without even knowing it, i can tell you that the guy who runs your local hospital in little rock makes well over $1,000,000 and a half
CNN
Jun 16, 2013 11:00am PDT
, a world economy in turmoil. derail america's economic comeback. christine romans has answers. "your money" starts right now. >>> another week of volatility in the markets. the reason, we global unrest and uncertainty about the fed's role in propping up the economy. i'm christine romans, this is your money. from space, earth appears peaceful. take a closer look. while signs point a u.s. economy ready to take off, the rest of the world is struggling to take flight. riots in turkey. slowing growth in china. unrest over harsh cuts in greece. from extreme greed to extreme fear. concerns over
FOX News
Jun 19, 2013 12:00pm PDT
the feds will pull back as the economy improves and he says it's getting better slowly. >> overall the committee believes the downside risks diminished but we continue toomd risks as they evolve. >> the federal reserve updated projections predicting growth this year 2.3 to 2.6%, slightedly worse than the march prediction calling for the economy to grow 2.8%. the unemployment rate between 7.2 and 7.3% is better than march forecast when predicting 7.5%. the fed expects unemployment to fall to 6.5% next year. >> shepard: men's warehouse stock took a dive following word the company fired george zimmer. >> by one get one free on almost everybody, including the modern fit suits. you're going to like the way you look, i guarantee it. >> zimmer had been a fixture in men's warehouse commercials for years delivering his signature catchphrase. the company didn't indicate why they fired him but it was done the same day as the annual shareholders meeting. the men's warehouse reports it postponed the meeting to renominate its board of directors without him. watch this space. the nsa set to tall
FOX News
Jun 19, 2013 7:00pm PDT
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FOX News
Jun 20, 2013 12:00pm PDT
to take his foot off the gas pedal no energy left for the economy. interest rates will rise, scenario that is horrible for american families. people are fareful of what happens when bernanke backs out, the federal reserves stops supporting the market. >> what they're doing is, quantitative easing is printing of money, putting more money in the economy, and the government spends a lot more money and allows the private sector to get its legs back under it. the government takes over when the people can't, and then when the private sector gets its legs under it, the government backs off. hasn't happened. >> the feds have been trying to push interest rates down and stimulate borrowing and lending. the fed has kept saying, okay, we acknowledge we're sort of printing money but we think weeing pull that money back when the time comes. and that's not the issue. the hirsh here, number one, this is a market overreaction to what bernanke, the chairman of the fed, actually said yesterday. he did not say we're going to stop this program. he didn't even -- the program didn't even change. these were
FOX News
Jun 20, 2013 11:00pm PDT
from breaking away from oil-rich psychos who have us under their thumbs. it prevents our economy from growing by fracking and it leads to corruption in green energy, which is nothing more than the mafia with hemp. >> david, seriously, he was in berlin and he wants to talk about climate change? >> this is called governmenting by fox checking. nuclear disarmament, check. climate change, so important that this speech was given in the fifth year of his two terms. these are all things that he's talking about in europe that are never going to get done here. what he could do that would be an amazing thing for america would be the keystone pipeline. and also a universal rule for natural gas fracking, which would allow us to actually not just change our economic position in the world, but our socioeconomic position and the power. bob isng so miserable. >> but i do think that it was, it really was just, okay, i've got to get this off my plait, hollywood's breathing down my neck, i'm going to talk about climate change so everybody here in berlin will give me a high fall. >> i'm going to call my
CNN
Jun 19, 2013 4:00pm PDT
, talking about pumping money into the economy to keep interest rates low. we have all gotten pretty addicted to ben's drugs. we are oon round three of what i call pumping money into the economy, they call quantitative easing with their noses in the air. you can see each of the new rounds has caused stocks to move higher. as they started to end stocks fell and back up against. starting later this year the fed will start taking the drugs away. outfront ben white chief economic correspondentic. so he comes out and says things are getting better. >> and the stock market tanks. >> americans say they are worse off now than they were a year ago. that is more than say they were betterer off. what does today's news mean for people with a nest egg and a house under water. >> people with a house who want to refinance should probably do it because interest rates will be going a little higher if the fed stops this drug giving to the economy. if you are going to refinance do it now. a new home purchase do it sooner rather than later. in terms of stocks hold on to them. wait this out. it is going
FOX News
Jun 19, 2013 9:00pm PDT
we'll leave in place a disaster, a de facto amnesty disaster that's hurting our economy, sovereignty, our security. >> sean: the reason for the distrust every time we hear there's going spending reined in and tax increases american people seem to get the tax increase but never get the spending cuts. i guess you understand the distrust. >> do i. that's why those things are linked. that's why the permanent residency with the green card -- that won't happen unless these border provisions happen first. >> sean: can i just get you maybe to reiterate, because there's been so much debate about this. you're saying you're pretty confident tomorrow that the border will be secure first with triggers before there's any path to legalization? >> before there's any path to permanent residency, permanent legal residency. you have 11 million people living here right now. we have to run them through a background check and start paying taxes and pay a fine. but that's not permanent. that's a temporary work status. the only difference between what they are doing now and what i'm proposing they have to p
FOX News
Jun 20, 2013 3:00am PDT
is because ben bernanke said we might taper back from this printing. >> we might end it if the economy gets better. i don't believe they're really going to do this. >> steve: you don't? >> no. i don't think ben bernanke will be replaced by janet yellen who is into printing money. i think they will not allow the obama economy to rest on its own. they will keep printing money to keep this feeble economy. if you stop printing money, then all the impact of obamacare, higher taxes, all the regulations that this president has imposed, those chickens come home to roost and forget about the 3% growth. we'll have 1% growth if we're lucky. >> steve: we probably have 3% growth because of this printing of the money. >> right. >> steve: i know you don't think it will happen any time soon. but if it did happen next month what, would happen? >> if he stopped printing money next month, the market would go down to 12,000. i've been on tho thank show and i said if he keeps printing money, there is no stopping it. >> steve: you say 20,000? >> if he keeps printing, dow 20,000 in the next couple years is feasib
NBC
Jun 17, 2013 4:00am EDT
ireland's economy here in the last decade ever since the peace process between ireland and northern ireland. it just -- the country -- the province has gotten off to a slow start. but then after he does that speech that is directed to locals, it's beginning to the g-8 summit. and the issues here are going to be interesting in this respect when it comes to syria. you essentially have the old g-7 plus russia. russia, of course, was added to the g-8 a few years ago, and they're sort of isolated when it comes to syria. president putin is on the side of bashar al assad. he's been helping shar al assad with arms. putin had a one-on-one with british prime minister david cameron. that didn't go so well, he seemed to lecture the allies and what they planned to do with syria. syria is going to be a hot you topic. and what the consensus is. and is there consensus between the u.s., the brits and the french on what to do next with syrian opposition. >> nbc's chuck todd there in belfast. chuck, thank you. >>> and one topic sure to come up at the g-8 summit are the newly sclofd nsa programs. the m
CBS
Jun 18, 2013 4:00am PDT
. and then tomorrow, fed chief ben bernanke will talk about the economy. investors are hoping he'll clarify what he said last month about the fed possibly dialing back it's bond buying program. >>> ahead of that federal reserve meeting, tokyo's nikkei lost a quarter percent while hong kong's hang seng was mostly flat. >>> on monday, investors guessed the central bank will prop up the economy. so the markets went up. the dow climbed 109 points, while the nasdaq rose 28 points. >>> standard & poor's lowered ford motors stock from buy to hold. the market index claimed ford's losses in europe which are expected to reach $2 billion this year. but s&p did say pickup sales in the u.s. should help the automakers see strong profits. >>> a big coup for netflix. starting next year, they'll be joining forces with dreamworks. the agreement is said to include 300 hours of new tv episodes. financial details have not been released but it's expected to be worth several hundred million dollars. the deal will help netflix compete with premium channels like hbo and showtime. >>> and homemade never looked so good. many
NBC
Jun 19, 2013 4:30pm PDT
reserve, ben bernanke moved the markets today with highly anticipated remarks about the economy. he said the economic outlook is improving, unemployment is falling and expected to fall further as a result, the federal reserve will likely ease up on buying bonds, but that could drive up interest rates, including mortgage rates, which are at historic lows, wall street shuttered with the news. stocks fell more than 200 point. >>> still ahead for us tonight, the story that inspired an oscar-winning film and now a real-life drama with one of the more feared men in america on trial for murder. >>> inspiring bond for life, once perfect strangers, brought together in an extraordinary act of heroism on a bad day in this country. brought together in an extraordinary act of heroism on a bad day in this country. when i first started experiencing the pain, it's, it's hard to describe because you have a numbness... but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point i knew i had to do something. when i went back to my healthc
NBC
Jun 21, 2013 5:30pm PDT
from the pope in just four weeks. the economy here is booming. it's the sixth largest in the world. but many have been left behind, millions still living in extreme poverty. >> even if brazil is one of the largest economies in the world, we have one of the biggest inequalities. >> reporter: the government has made concessions, rolling back a 20-cent fare hike in public transportation. but the demonstrations have only grown. >> we pay so much taxes and we don't have education, health, human rights. >> reporter: the protesters have surprised even themselves with their numbers, but there is no clear leader, no clear agenda, and so far tonight, no end in sight. miguel almaguer, nbc news, rio de janeiro. >>> and still ahead for us this evening, out of the classroom and in the field. real-life lessons part of an innovative new way of teaching and something remarkable happening for a lot of kids. >>> and later, high honors tonight for james gandolfini from the folks from back home. >>> we are back with our "education nation" report and what might be the definition of a teachable moment fo
FOX News
Jun 19, 2013 6:00am PDT
and commerce is the engine of our global economy. our values call upon us to care about the lives of people we'll never meet. when europe and america lead with our hopes instead our fears, we do things no other nations can do. no other nations will do. so we have to lift up our eyes today and consider the day of peace with justice that our generation wants for this world. bill: where else do you speak about freedom than at the intersection of come anything and democracy in the heart of berlin. the headline will be this. the president calling for a further reduction of nuclear arms and that is the intent of the speech at the brandenburg gate. martha has more. martha: today back in washington tea partyers are taking on the irs in d.c. they are not backing down. this is video in 2010. remember those huge tea party turnouts? we were promised action on the irs. they want to know why lois lerner is still on paid leave. bill: waits an accident or something more sinister. what caused this plane to go down several years ago. martha: the tea party patriots plan to take on capitol hill. they protesting t
FOX News
Jun 20, 2013 6:00am PDT
relentlessly pumping into the economy. >> based on its review of recent economic and financial developments, we see the economy starting to go at a greater pace. >> in the world of the federal reserve thatasses for tony soprano-style drama. stewart varney, the anchor of varney and company. explain what ben bernanke said and why it got such a reaction. >> reporter: ben bernanke threatened to take away the biggest economic stimulus program we have got going for us right now. at the moment ben is printing a trillion dollars a year. he's threatening to reduce that to zero as the mid of next year. the immediate result is bad news for homeowners because interest rates are going up. home buyers. it will be tough to get a reasonably priced mortgage. and your 401k goes down. president obama is stuck. this stimulus has been taken away. he's got obama-care which has been labeled a train wreck. ben is likely to take away a very good stimulus program. martha: we will final out if this improving economy is a emperor with no clothes. what is that going to mean for everybody out there? >> you are asking the qu
FOX News
Jun 20, 2013 8:00am PDT
. the president's approval rating on the economy in this poll is 42 approve, 57 disapprove, and as you know a lot of young people are getting out of school and not being able to find a job, and a large number of kids who get out of college are moving back in with their families. i think this is more than just nsa, it may be the economy, it may be the overall perception of the president. the other interesting note in the poll was that for the first time he was viewed by the american people as not honest and trustworthy. 49% said that phrase applies to him. 50% says it does not a my to him. that could be another thing, because young people had such -- he was such an aspirational figure to younger voters and younger americans and if there is agreeing perception that he's not shooting straight with him, that he's not honest and trustworthy that could be very close not only among young people but among all voters. jon: isn't that perhaps the bigger problem i mean for him? because it's one thing to have your job approval rating kind of bounce up and down, but once you are perceived as not necessarily t
MSNBC
Jun 20, 2013 3:00am PDT
changes to make there, but the really big news on the economy came yesterday. obviously, with ben bernanke. >> joining me is former treasury official and analyst steve rattner. also, we have new york times reporter jeremy peters. good to have you both onboard. we'll start with ben bernanke. he expressed confidence in the nation's economic growth yesterday saying the fed will start to rein in its stimulus program later this year. bernanke laid out the federal reserves plan, which includes tapering off its multibillion bond-buying program until the unemployment rate drops to 7%. the fed expects that to happy the middle of next year. >> that's great news, right? >> in some way. >> so that's the good news. what bad news could there be from that, steve rattner. >> i think we'll find out. >> the fed will also hold off on raising interest rates keeping them to near zero until unemployment falls to 6.5%. as for wall street's response, this may be where things change. the markets took a dive as soon as bernanke started speaking. by 3:05 the dow fell 140 points closing the day down more than 200, st
CNN
Jun 21, 2013 6:00am PDT
year and they're concerned what the fed is going to do when they stop supporting the economy probably some time into next year. you'll see this gut check where people are taking money off the table. >> christine romans reporting live from new york city, thank you. >>> six women, six women, just women would decide the fate of george zimmerman and remember race could be a key factor to this case. five of thez women jurors are white. one is described as hispanic or black. opening statements now set for monday. also, today the judge will rule on a controversial voice analysis of the screams heard on this 911 call. >> does he loohurt to you? >> i can't see him. i don't want to go out there. i don't know what's going on. >> do you think he's yelling help? >> yes. >> all right. what is your -- >> all right, you heard the screams in the background. the prosecution wants to show it was trayvon martin's voice. if so, that could hurt zimmerman's self-defense claim in shooting zimmerma eme eme em was unarm aed. >>> also new information this morning in the sudden death of james gandolfini. hotel s
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